Valor Econômico spoke to our partner Ana Claudia Utumi and our lawyer Taís Capitanio about the practice of the Internal Revenue Service (Receita Federal) of allowing the offsetting of Individual Income Tax (IRPF) due on income abroad and the refund to be received for amounts paid in Brazil.
Commenting on the issue, Ana and Taís draw attention to the way this information is handled in the tax return. According to them, data on income abroad still appears sparsely, without a specific field. “The data on the subject only appears consolidated when the declaration is printed,” says Taís.
Another point of attention, according to Taís, is the lack of a specific place to declare any losses abroad. “As any losses the individual accumulates can be used in subsequent years to deduct from the IRPF calculation base, it is important to make this clear in the declaration,” says Ana. “The most practical thing, to make it clear to the tax authorities, is to point out the accumulated loss in the description of assets and rights, saying that it refers to the year in question, when there was a loss of so much,” explains Taís.
Read the story: https://valor.globo.com/legislacao/noticia/2025/03/28/receita-faz-compensacao-de-irpf-com-restituicao.ghtml
